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233-Minute Chart: Larger Trend Outlook 1. Wyckoff Phases (A to C) The market is progressing through Phase B of a Wyckoff distribution pattern. Notable components of Phase B: Buying Climax (BC) indicates the peak of buyer exhaustion. Upthrust (UT) in Phase B suggests an overshoot in price before the market begins to decline. Sign of Weakness (SOW), which signals a...

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Overview and Timeframes This analysis covers XAU/USD (Gold vs US Dollar) with a focus on two timeframes: a 4-hour chart and a 21-minute chart. Both timeframes indicate a bearish outlook for the next two weeks, as the price seems to be completing or approaching a downward Elliott Wave structure. This projection relies on the presence of multiple technical factors...

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Technical Breakdown of the Analysis Wyckoff Phases & Distribution Phase B of the Wyckoff Method: This is a critical phase where the price makes a Secondary Test (ST), followed by an Upthrust (UT), indicating buyer exhaustion and distribution by smart money. Upthrust After Distribution (UTAD): The price has potentially completed a UTAD, signaling the completion...

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In this detailed analysis of the XAU/USD (Gold/US Dollar) pair on both the monthly (M) and weekly (W) timeframes, we delve into potential price action scenarios for the upcoming two weeks. The market structure suggests we are entering a critical phase, characterized by multiple technical formations including Elliott Waves, Wyckoff phases, and liquidity...

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Key Terminology & Concepts: Wyckoff Methodology (Phases A to C): The chart indicates an accumulation phase according to Wyckoff's theory, where smart money is accumulating positions before an uptrend. Key labels include AR (Automatic Rally), SC (Selling Climax), ST (Secondary Test), and LPS (Last Point of Support), marking potential points where institutional...

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Elliott Wave Structure: The chart clearly displays a five-wave structure (labeled as (i), (ii), (iii), (iv), (v)) according to Elliott Wave theory, which implies a potential correction after a completed impulse wave. Current Position: The chart suggests that the price is completing a corrective structure in a Wave (ii) of a larger degree cycle, with the next...

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Wyckoff Distribution Phases Phase A, B, C: Wyckoff distribution phases indicate a potential reversal from an uptrend to a downtrend, especially with the UTAD (Upthrust After Distribution) marking exhaustion. UTAD and UT: These indicate the last buying attempts before the market turns bearish, potentially signaling short entries. LPSY (Last Point of Supply): Final...

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1. Wyckoff Accumulation Schematic (Phase B) Phase A: This is the initial phase where preliminary support (PS), selling climax (SC), and automatic rally (AR) occur. In your chart, this is indicated by the initial sharp drop followed by the first corrective move upwards (AR). Phase B: This is the phase of accumulation, where the smart money starts accumulating...

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Overview The chart provided for the GBP/JPY currency pair on the 1-hour (1H) time frame incorporates a technical breakdown of price movements using Wyckoff Method, Elliott Wave Theory, Volume Profile, and macroeconomic indicators to outline expected market behavior for the coming week. The focus is on the ongoing distribution phase, indicating that a top has been...

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I. Technical Analysis Breakdown 1. Elliott Wave Theory Wave Count Summary: The chart shows the completion of Wave 5 based on the hourly time frame, confirming a bearish setup. Key invalidation point: On the 1H chart: 19,571.1, meaning a break below this will confirm the extended Wave C. On the 4H chart: 20,335.3, confirming a potential reversal if this level...

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The price range of interest is between $2,584 - $2,688, where key zones, patterns, and potential reversals are likely to occur. Wyckoff Distribution Phase: The chart follows the Wyckoff Distribution schematic, and it appears the market is in Phase B, nearing the Last Point of Supply (LPSY), where institutional traders distribute their positions. Preliminary...

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Current Market Conditions: The AUDUSD pair is in the midst of an impulsive bullish wave structure, currently in the corrective Wave (4) phase. The market is trading within a well-defined upward trend channel, with a clear sequence of higher highs and higher lows. Key Technical Levels: Support: The primary support is located at 0.6765, which corresponds to the...

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Key Terminology & Concepts Wyckoff Method: A technical analysis method that breaks down market behavior into phases of accumulation, distribution, and the price cycles within them. In this case, the focus is on accumulation and last point of support (LPS). Elliott Wave Theory: A concept used to identify market cycles in the form of five waves in impulse movements...

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Analysis Breakdown Elliott Wave Structure The chart shows a complete 5-wave impulse that started around the 178.375 level and extended upwards near 197.58, where Wave 5 is approaching its end. The following breakdown highlights each significant movement: Wave 1 (Red) initiated from the low at 178.375 and set the foundation for the upward impulse, followed by Wave...

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Key Elements in the Analysis Wyckoff Distribution: The chart follows a Wyckoff Distribution schematic, with clear delineation between Phase A, Phase B, and Phase C. Elliot Wave Count: Multiple wave structures are mapped, detailing the various impulse and corrective waves (labelled from (i), (ii), (iii), (iv), (v)). Volume Profile: The Volume Profile on the left...

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1. Wyckoff Accumulation & Distribution Phases: This chart heavily applies Wyckoff's methodology, which is built on the phases of market accumulation and distribution. The schematic is drawn to reflect the following phases: Phase A marks the preliminary support (PSY) and automatic rally (AR), where initial buying pressure emerges after a prolonged downtrend,...

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Overview This chart represents the GBP/JPY pair on a 1-hour (1H) time frame with a complex overlay of technical analysis frameworks, most notably a combination of Wyckoff Distribution and Elliott Wave Theory. The chart is densely marked with key points that suggest the presence of a distribution phase, with an expected price decline over the next two weeks based...

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Overview of Current Market Structure: Wyckoff Distribution The chart illustrates a classic Wyckoff Distribution schematic, broken down into several phases (A, B, C, etc.), with price action showing signs of exhaustion at the top and the transition into a bearish move. This pattern suggests a re-accumulation of selling pressure, hinting at an impending markdown...